harness the power of social media
DESCRIPTION
To be successful with social media, you need a plan. In this presentation, I review a framework strategy approach that aligns the business strategy and goals with social media activities and keeps those activities accountable via analytics and key performance metrics. This deck was presented at the BMA Chicago breakfast series on May 16, 2012.TRANSCRIPT
Social Media Get Past the Hype and Get Down to Business
Using Social Media to Listen, Engage & Grow
Social Software Has Matured
2
Source: Gartner Hype Cycle 2012
Social Media Reaction Scenarios
3
Risk Benefits Trust Response Risk Benefits
High Low Low Control High None
High Low Low Ignore High None
Varies High Varies Explore Low Low
Low High High Engage Low High
While organizations that attempt to ignore or control social media perceive high risk, the actual risk of this reaction is high due to blind spots, missed market opportunities, and more agile competitors who realize the benefits of engaging.
Perceived Actual
Social Media Business Context
Business Strategy
Brand
Company Values
Social Media
Message
Metrics for Accountability
ü Influence ü Engagement ü Sales
Social Media KPI’s ü Feedback ü Targets achieved ü Guidance
Execution Framework Social Solution Suite Results
Mission Vision
Direction
Accountability
ROI
Stories
Word of Mouth
Company’s actions
Social responsibility
People
Channels Interesting
Was there a reaction?
Achievement targets
Timing
Focus
Marketing
Public Relations
What were the best channels?
Was it the reaction we wanted to achieve?
How do we do better?
Advertising
Public Policies
Adjust Message
Social Solution Suite A set of social media channels and the means of measuring actionable outcomes so that you can adjust your market messages to best effect and maximize your Strategic Objectives
START HERE
Traditional Sales Funnel Now Social
6
Identify & Engage with Promoters
7
Who Do You Want to Reach?
• CRM • Supply Chain
management • Procurement
• Reputation management
• Employer branding
• Employee relations
• Collaboration
• Customer satisfaction
• Promotion • Competitive Intel
Marketing Human Resources
Partner Network
Investor Relations
Influence, Not Control
9
One Size Does Not Fit All
Source: “Which Social Media Channels Should Your Business Use?” http://www.phillymarketinglabs.com/2011/05/05/which-social-media-channels-should-your-business-use/ Accessed on June 21, 2011
One Channel Does Not Fit All
The Conversation Prism
Source: Brian Solis & JESS3, www.TheConversationPrism.com
YouTube isn’t the only game in town
Social Network Demographics
Statistic Facebook LinkedIn Pinterest Twitter YouTube Monthly Unique Visitors
155M 26M 20M 39M 151M
Gender % 45M/55F 51M/49F 18M/82F 45M/55F 50M/50F
Largest Age Group (% of whole)
<18 (26%) 35-44 (23%) 45+ (35%) 25-34 (23%) 18-24 (20%)
2nd Largest Age Group
18-24 (24%) 25-34 (21%) 45-54 (21%)
35-44 (29%) 18-24 (22%) <18 (26%)
Household Income (site vs. total internet)
150K+ (32%) 150K+ (13%)* 50-100K (46%) 150K+ (30%) 150K+ (29%)
Ethnicity (site vs. total internet)
African American
Asian Not available African American
Hispanic
Sources: compete.com, quantcast.com, onlinemba.com May 2012 * Quantcast data for LinkedIn’s Household Income has been directly measured but does not match reported Internet averages used to derive their index elsewhere.
Measure to Improve
13
Social Media Insight Tools
Insight Tools
Free Pay
http://wiki.kenburbary.com/social-meda-monitoring-wiki
Key Metrics
• Unique visitors • Pages visited • Time on site • Bounce rate • Posts • Comments • Post: Comment ratio • Search engine ranking
• Sentiment (NPS) • Reviews • Recommendations • Referrals • Tweets • Retweets (RT) • Mentions • Connections • Followers
Connect Metrics to the Bottom Line
Thanks to Nichole Kelly for the image. Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0)
PUTTING IT INTO PRACTICE The Social Solution Suite
19
Adjust Message
Social Solution Suite A set of social media channels and the means of measuring actionable outcomes so that you can adjust your market messages to best effect and maximize your Strategic Objectives
START HERE
21
nAblement is a unique channel of SPR Companies focused on supporting the training, mentoring, networking, placement and professional growth of qualified candidates with disabilities into technology roles.
Putting it into Practice: nAblement
22
nAblement Blog
Audiences: • Persons with a
disability interested in IT careers
• Employers interested in a more diverse, inclusive workforce
• Agencies and organizations who can support, extend reach of message
LinkedIn Group
nAblement’s Twitter Feed
Measure to Improve
26
Our KPI’s: • New candidates identified • New companies identified as partners • Placements
Getting Started Today
• Who do you want to reach? • What are your goals? • Who is your audience? • What is your message? • What will you monitor & measure? • How will you assess & adjust your
message?
27
28
About SPR Companies
IT Professional Services Firm Over 35 years in the Midwest
Maximize Your Impact!